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Archives for Fuel Rates

New advisory fuel rates for September 2011

HM Revenue and Customs (HMRC) has published the latest advisory fuel rates for company cars.

The new rates cover journeys made on or after 1 September.

However, for a month from the introduction of the new rates, employers can, if they so choose, apply either the previous rates or the new rates.

That means employers can make or request supplementary payments as they wish.

The new rates can be found at: http://www.hmrc.gov.uk/cars/advisory_fuel_current.htm

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Employers urged to remember filing changes

HM Revenue and Customs (HMRC) has reminded employers of the importance of filing their annual returns on time.

Employer annual returns (P35 and P14s) must be submitted by 19 May and online.

Changes that have come into effect this year mean annual returns sent to HMRC after the 19 May filing date will almost certainly result in a late-filing penalty.

Previously, an extra-statutory concession gave employers extra time before HMRC charged a penalty. This has now been withdrawn.

Also from this year employers will be liable to a penalty if they file their annual return on paper (with some very limited exceptions, such as certain individuals who employ their own carer).

Last year, no penalty was charged for employers with five or fewer employees, but these transitional arrangements have come to an end.

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